Research
Publication
Beliefs and the Net Worth Trap (with Goutham Gopalakrishna and Theofanis Papamichalis)
- Draft, Published Version, Slides, SSRN, Summary
- Journal of Economic Theory, Volume 227, June 2025
Higher-Order Forward Guidance (with Marc Dordal i Carreras)
- Draft, Published Version, Slides, TANK Slides, SSRN
- Journal of Economic Theory, Volume 231, January 2026
The Spatial Transmission of U.S. Banking Panics: Evidence from 1870-1929 (with Marc Dordal i Carreras)
Research Papers
Geopolitics and Export Miracles: Firm-Level Evidence from U.S. War Procurement in Korea (with Philipp Barteska, Oliver Kim, and Nathan Lane)
Firm Wage Setting and On-the-Job Search Limit Wage-Price Spirals (with Justin Bloesch and Jake Weber)
- Draft, Slides, SSRN
- An AD-AS Framework with Quits and Wage Inflation: for Policymakers
- An Analytic Two-Period Model: analytic proofs and derivations
- Revise and Resubmit at American Economic Journal: Macroeconomics
Yield-Curve Control Policy under Inelastic Financial Markets (with Marc Dordal i Carreras)
Self-fulfilling Volatility and a New Monetary Policy (Job Market Paper) (with Marc Dordal i Carreras) - substantially revised
Endogenous Firm Entry and the Monetary Policy ‘Room’ (with Marc Dordal i Carreras and Zhenghua Qi)
Managerial Incentives, Financial Innovation, and Risk-Management Policies (with Son Ku Kim and Sheridan Titman)
A Proxy-Contract Based Approach to the First-Order Approach in Agency Models (with Jin Yong Jung and Son Ku Kim)
Ignorance is Bliss: Ex-Ante vs. Ex-Post Information Systems in an Agency Model (with Jin Yong Jung and Son Ku Kim)
Work in Progress
Endogenous Technology Adoption in a Search Economy (with Mingze Ma)
Electricity Bills: Pecuniary Externality? (with Martin Schmalz)
Sentiment in Intermediated Asset Classes (with Goutham Gopalakrishna and Yulong Peng)
Re-estimating r-star with rp-star (with Marc Dordal i Carreras and Runhuan Wang)
Risky Growth with Short-Term Debt (with Artur Doshchyn)